Wednesday, January 27, 2010

"Cautious" is the Word of the Week

With plenty of doubt on whether Bernanke will be reconfirmed and Donald Kohn coming under fire for his role in the AIG bailout, we might be left with a leader-less FED. If so, how will the markets react? I say, NOT GOOD! On the other hand, if Bernanke does get reconfirmed, despite opposition and a questionable ability to be in that position, the markets may actually pop higher. So if you're like me and you don't really want to speculate on how Congress will vote, be cautious! Be vewwy vewwy cautious. Personally, I think he will get confirmed, but I won't bet my retirement account on it.

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